NEW YORK CITY-Long Island vacancy rates have only decreased 0.5% and rental rates continue to climb, according to of Cushman & Wakefield of Long Island.
DETROIT-The meeting is intended to form partnerships for development and jobs south of Detroit. The Southeast Michigan Council of Governments and Downriver Community Conference are among sponsors.
PHOENIX-Cooler than usual weather and a cooling economy did nothing to dampen the tourism market in the Valley during the first quarter, as occupancy, rates and revenues were up.
OAK BROOK, IL-While it remains debatable whether the economy is indeed in a slowdown or entering a recession, CenterPoint Properties Trust has the cash necessary to buy out owners who resort to fire sales.
NORWOOD, MA-Domain Home Fashions plans to add 20 stores in the Northeast region over the next three years. The locally based home furnishings retailer has three stores in Massachusetts and is looking to open three more in the Boston metropolitan area.
HERTFORD, NC-Williams Transco of Houston is studying an expansion move to service the fast-growing northeastern reaches of the state, 200 miles from Downtown Charlotte. The company supplies about 16% of U.S. natural gas.
WEST PALM BEACH, FL-Metropolitan Mortgage & Securities Co. of Spokane, WA sells the servicing rights on about 31,000 mortgages to locally based Ocwen Financial Corp. for an undisclosed sum. West Palm Beach is 67 miles north of Miami.
BLACK HAWK, CO-The stakes have changed in a buyout bid for Black Hawk Gaming and Development Co. Former Boulder mayor Bob Greenlee is offering $12 per share, up $1 from a now-dead proposal by the casino operator's CEO.
WIXOM, MI-Veri-Tek International Corp. uses more than $2 million in state industrial development revenue bonds bonds for a 27,000-sf manufacturing facility owned by James and Janet Juranitch and leased to the company.